Alkami Technology, known for its cloud-based banking solutions, has teamed up with Greenlight Financial Technology, a company that specializes in family finance. This partnership provides Alkami’s clients, which include various banks and credit unions, with access to Greenlight’s innovative debit card and finance mobile app designed for kids and teenagers.
Greenlight stands out with its parental supervision tools that not only let parents track spending but also automate allowances. It’s more than just a finance app; it’s an educational journey with features like Greenlight’s Level Up game, designed to teach financial concepts in a fun and engaging way.
Josh Winstead, Alkami’s Vice President of Corporate Development, expressed his enthusiasm about this collaboration, highlighting how it aligns with Alkami’s mission to supply financial institutions with cutting-edge digital solutions that focus on the user. “By weaving Greenlight’s financial literacy tools into our offerings, banks and credit unions can now provide families with an invaluable platform to instill responsible money management skills in their children,” he explained. This not only helps in attracting new depositors but also ensures a seamless transition for youngsters as they move to adult banking accounts.
Matt Wolf, Greenlight’s Senior Vice President of Business Development, echoed these sentiments, emphasizing the unique positioning of banks and credit unions to nurture strong financial habits in younger generations. “Collaborating with Alkami allows us to extend Greenlight’s family-oriented banking tools to their client base, helping parents raise financially-savvy kids,” Wolf stated.
Looking ahead, Greenlight is set to feature in the upcoming Co:lab conference hosted by Alkami in Nashville, scheduled from March 31 to April 2, 2025. This event will offer attendees a chance to interact with the Greenlight team and explore how financial institutions can enhance their offerings with youth-focused banking solutions that encourage financial literacy.
In related news, it was earlier reported that American Eagle Financial Credit Union recently opted for Alkami’s digital banking platform to provide a more user-friendly banking experience. Moreover, Alkami continues to strengthen its platform by introducing added security measures, such as protection against credential stuffing, which was rolled out in August 2024.
The original content about “Alkami’s partnership with Greenlight for youth banking solutions” was first published by Retail Banker International, a GlobalData-owned brand. As always, information provided here is meant for general knowledge and should not be taken as specific financial or professional advice. Always consult with a professional before making decisions based on this content.
